OneDigital Investment Advisors LLC Purchases Shares of 137,613 Ally Financial Inc. (NYSE:ALLY)

OneDigital Investment Advisors LLC acquired a new position in shares of Ally Financial Inc. (NYSE:ALLY - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 137,613 shares of the financial services provider's stock, valued at approximately $4,955,000.

Several other institutional investors have also modified their holdings of the stock. Meiji Yasuda Asset Management Co Ltd. raised its stake in Ally Financial by 2.1% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 15,332 shares of the financial services provider's stock valued at $552,000 after purchasing an additional 320 shares during the last quarter. Waterfront Wealth Inc. grew its holdings in shares of Ally Financial by 0.8% during the fourth quarter. Waterfront Wealth Inc. now owns 50,924 shares of the financial services provider's stock worth $1,834,000 after buying an additional 389 shares in the last quarter. Principal Securities Inc. raised its position in shares of Ally Financial by 89.4% in the fourth quarter. Principal Securities Inc. now owns 1,051 shares of the financial services provider's stock valued at $38,000 after buying an additional 496 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Ally Financial by 2.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 21,409 shares of the financial services provider's stock worth $771,000 after buying an additional 500 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in Ally Financial by 38.5% during the fourth quarter. Harbour Investments Inc. now owns 2,142 shares of the financial services provider's stock worth $77,000 after acquiring an additional 595 shares during the last quarter. Institutional investors and hedge funds own 88.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ALLY shares. Compass Point raised shares of Ally Financial from a "neutral" rating to a "buy" rating and raised their target price for the stock from $37.00 to $41.00 in a research note on Monday, April 7th. Morgan Stanley cut their price target on Ally Financial from $45.00 to $39.00 and set an "outperform" rating for the company in a report on Monday, April 7th. For consumer lenders, the Trump Administration’s hardline approach to tariffs is “difficult to ignore” and there’s clearly more downside to the group if tariffs remain near current levels. If tariffs remain in place, risks to growth would skew meaningfully to the downside and risks to inflation to the upside, adds the analyst, who is downgrading the firm’s Consumer Finance industry view to Cautious from Attractive. Royal Bank of Canada reissued an "outperform" rating and set a $40.00 price objective on shares of Ally Financial in a research note on Monday, April 21st. Bank of America dropped their target price on Ally Financial from $42.00 to $38.00 and set a "buy" rating for the company in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. reduced their price target on Ally Financial from $43.00 to $36.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $41.69.

Insider Buying and Selling

In other Ally Financial news, CFO Russell E. Hutchinson bought 8,200 shares of the company's stock in a transaction that occurred on Tuesday, April 22nd. The shares were purchased at an average price of $30.81 per share, with a total value of $252,642.00. Following the completion of the acquisition, the chief financial officer now directly owns 236,421 shares of the company's stock, valued at $7,284,131.01. This represents a 3.59 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.67% of the company's stock.

Ally Financial Stock Up 0.4 %

Shares of ALLY traded up $0.14 during mid-day trading on Monday, hitting $33.06. 699,383 shares of the company's stock were exchanged, compared to its average volume of 3,526,459. The company has a market cap of $10.15 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 0.32 and a beta of 1.12. Ally Financial Inc. has a fifty-two week low of $29.52 and a fifty-two week high of $45.46. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.93 and a current ratio of 0.93. The stock's 50-day moving average is $34.52 and its 200-day moving average is $36.09.

Ally Financial (NYSE:ALLY - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The financial services provider reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.15. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $2.04 billion. Ally Financial had a return on equity of 9.31% and a net margin of 11.29%. During the same quarter in the prior year, the company earned $0.45 earnings per share. On average, sell-side analysts anticipate that Ally Financial Inc. will post 3.57 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, May 1st will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend is Thursday, May 1st. Ally Financial's dividend payout ratio is presently 88.24%.

About Ally Financial

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.